Nvidia Corp. (NVDA) Position Decreased by Ngam Advisors L.P.
Ngam Advisors L.P. decreased its stake in shares of Nvidia Corp. (NASDAQ:NVDA) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,200 shares of the computer hardware maker’s stock after selling 5,227 shares during the period. Ngam Advisors L.P.’s holdings in Nvidia Corp. were worth $7,140,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. West Oak Capital LLC increased its position in shares of Nvidia Corp. by 183.6% in the third quarter. West Oak Capital LLC now owns 1,560 shares of the computer hardware maker’s stock valued at $107,000 after buying an additional 1,010 shares during the last quarter. Cornerstone Advisors Inc. increased its position in shares of Nvidia Corp. by 52.2% in the third quarter. Cornerstone Advisors Inc. now owns 1,784 shares of the computer hardware maker’s stock valued at $122,000 after buying an additional 612 shares during the last quarter. Advisors Preferred LLC increased its position in shares of Nvidia Corp. by 791.9% in the third quarter. Advisors Preferred LLC now owns 2,310 shares of the computer hardware maker’s stock valued at $158,000 after buying an additional 2,051 shares during the last quarter. Brick & Kyle Associates increased its position in shares of Nvidia Corp. by 25.1% in the second quarter. Brick & Kyle Associates now owns 2,502 shares of the computer hardware maker’s stock valued at $118,000 after buying an additional 502 shares during the last quarter. Finally, CenturyLink Investment Management Co purchased a new position in shares of Nvidia Corp. during the third quarter valued at about $183,000. 84.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nvidia Corp. (NASDAQ:NVDA) traded up 0.86% during trading on Wednesday, reaching $94.05. 5,480,125 shares of the company were exchanged. The stock has a market capitalization of $50.69 billion, a price-to-earnings ratio of 48.06 and a beta of 1.17. The company has a 50 day moving average price of $75.70 and a 200-day moving average price of $60.35. Nvidia Corp. has a one year low of $24.75 and a one year high of $95.25.
Nvidia Corp. (NASDAQ:NVDA) last posted its earnings results on Thursday, November 10th. The computer hardware maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.37. Nvidia Corp. had a return on equity of 26.82% and a net margin of 19.52%. The business earned $2 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the business earned $0.44 EPS. Nvidia Corp.’s revenue for the quarter was up 53.6% compared to the same quarter last year. Equities analysts predict that Nvidia Corp. will post $2.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.60%. This is a boost from Nvidia Corp.’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 23rd. Nvidia Corp.’s dividend payout ratio is presently 29.32%.
Several brokerages recently issued reports on NVDA. B. Riley reissued a “buy” rating and set a $64.50 price objective on shares of Nvidia Corp. in a research note on Friday, August 5th. Needham & Company LLC raised shares of Nvidia Corp. from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Wednesday. Brean Capital reaffirmed a “hold” rating on shares of Nvidia Corp. in a research note on Monday, August 15th. Finally, Global Equities Research reaffirmed an “overweight” rating and set a $85.00 price target on shares of Nvidia Corp. in a research note on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.50.
In other news, Director Persis Drell sold 2,361 shares of the firm’s stock in a transaction that occurred on Wednesday, October 12th. The shares were sold at an average price of $66.58, for a total transaction of $157,195.38. Following the completion of the transaction, the director now directly owns 27,152 shares of the company’s stock, valued at approximately $1,807,780.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A Brooke Seawell sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $87.74, for a total transaction of $3,070,900.00. Following the transaction, the director now directly owns 41,213 shares of the company’s stock, valued at $3,616,028.62. The disclosure for this sale can be found here. Corporate insiders own 5.82% of the company’s stock.
Nvidia Corp. Company Profile
NVIDIA Corporation (NVIDIA) is engaged in visual computing. The Company operates through segments, including GPU and Tegra Processor. Its GPU businesses include GeForce for personal computer (PC) gaming; Quadro for design professionals working in computer-aided design, video editing, special effects and other creative applications; Tesla for deep learning and accelerated computing, leveraging the parallel computing capabilities of graphics processing units (GPUs) for general purpose computing, and GRID to provide the power of NVIDIA graphics through the cloud and datacenters.
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